New Delhi [India] : In a move to bolster participation against climate change, Norway on Monday announced a large solar power investment in India with an agreement to take a 49 per cent stake in a solar power plant in Rajasthan developed by Italian Enel. “Norway’s Climate Investment Fund announces large solar power investment in […]
Mitsui takes 49% stake in 1.3GW 24/7 renewable project in India – EQ Mag Pro
Mitsui’s investment in the project by ReNew, an Indian renewable energy company, comes six months after the government-owned Solar Energy Corporation of India (SECI) signed a round-the-clock (RTC) power purchase agreement (PPA) to procure 400MW from its multiple sites. The multi-state project will have a total of 1,300MW of renewable energy from three wind farms […]
Ikea Retailer Acquires 49% Stake in Eight Solar Parks in Russia
The investment arm of Ikea’s largest retailer, Ingka Group, is expanding its renewable energy footprint by acquiring a 49% stake in eight solar parks in Russia. The agreement for the parks, with a total book asset value of about 235 million euros ($279 million), has been struck with Solar Systems LLC and is now awaiting […]